What Are the Key Differences Between Simply Business and Travelers Business Owner’s Policy?
Coverage and Fit
Travelers’ documented BOP is designed for technology-services firms and includes property, liability, business income, extra expense, cyber, and errors-and-omissions protection. Simply Business describes a typical property-and-liability BOP, with exact interruption and exclusions set by the issued form. A technology business should confirm whether cyber and E&O are included in the specific marketplace offer. [5] [3]
Buying and Terms
Travelers directs buyers to an independent agent to tailor this technology BOP; Simply Business starts with online marketplace quote review, subject to insurer approval. Ask the Travelers agent which technology classes qualify and ask Simply Business which insurer and endorsements are available for your business. [5] [3]
What Should You Confirm in Simply Business and Travelers Business Owner’s Policy Quotes?
- Ask Simply Business which insurer’s policy will be quoted, and obtain the schedule, valuation method, deductible, exclusions, and binding requirements. [3]
- Ask Travelers to identify the issuing insurer and show the exact limits, covered causes, and any endorsements or exclusions on the proposed policy. [5]